Philippines scraps plan to tax imported Thai carsCars for export are lined up at the Laem Chabang deep-sea port in Chon Buri province. Thai car exporters' prospects have become brighter after the Philippines scrapped plans to impose tariffs on cars imported from Thailand, and returned 1.2 billion baht worth of safeguard duty to importers. The duty has been charged on Philippine importers at 42,000 baht per passenger car and 66,000 baht per pickup truck. This has resulted in higher expenses for Philippine importers, with a total of 1.2 billion baht charged on the two types of imported cars, according to Mr Jurin. He said pickup trucks imported from Thailand control up to 99% of that particular automotive niche in the Philippines, while Thai passenger cars control 20% of that sector.

Source: Bangkok Post August 16, 2021 23:26 UTC